Ubisoft's open-world racing MMO The Crew is set to receive a sequel later this year as announced during Ubisoft's quarterly financial call last night.

In the same quarterly financial call, Ubisoft also announced the release of Far Cry 5, Assassin's Creed and more details on when fans can finally expect to play South Park: The Fractured Butt Whole.

For the time being, Ubisoft is keeping fans in the dark when it comes to exact details about the game, with more expected to be announced at E3 in just a couple of weeks time.

What Ubisoft has shared so far is a logo (seen above) for the forthcoming game and confirmation that the racer is due out later this year.

The original Crew racing game was ambitious in scope but on release failed to live up to expectation.

In the end, it was widely criticised as a poor man's Forza Horizon and lead to some very lukewarm reviews.

However, it should be said that in the months that followed since the game was first released it's improved considerably.

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Developers Ubisoft Reflections have worked and worked, releasing some big expansions to the game, first with The Crew: Wild Run expansion and then with The Crew: Calling All Units.

They've also overhauled some graphics and gameplay entirely to make this racer far more enjoyable and a worthwhile purchase for anyone looking for something new.

Only last month, Ubisoft announced on Twitter that the game had surpassed 12 million players and with fans of the game playing more than tens of thousands of years’ worth of in-game hours and taking over 30,000 in-game pictures daily.

It might not have made the sort of groundbreaking success at launch, but it has slowly become one of Ubisoft's biggest success stories.

For the sequel, it's obvious that Ubisoft will take on board everything they've learnt in making and patching the original game.

But we're also hoping they can build on the good work they've done to get the game to where it is today.

Either way, we should learn more in the coming weeks as we approach E3, but with Gran Turismo Sport and Forza Motorsport on Xbox Scorpio also coming this holiday, Ubisoft better pull out all the stops with their sequel.